Fixed Income Funds
OFFSHORE FIXED INCOME
China offshore credit · LGFV selection
Coupon as a shield, onshore–offshore spread as a spear — seeking steady absolute return with low volatility.
Weighted overall NAV to 31 Aug 2026
Recovered the following month
All series NAVs above par
The strategy is run by the Group’s Hong Kong licensed entity (SFC Types 1, 4 and 9) in series-accounting format. Manager: Sigma Capital Management Limited (est. 2008), Golden Tenor outstanding overseas fixed-income fund 2024 and 2025.
Three layers: CORE (rates + SOE credit), CARRY (AT1 / Tier 2), ALPHA (offshore LGFV). 13 series issued to 31 Aug 2026, of which 7 are outstanding and 6 have matured with positive returns.
Data as of 31 August 2026. For information only; not an offer or investment advice. Product details are provided only to qualified investors. Investments involve risk, including possible loss of principal. Past performance is not a reliable indicator of future results. Currency movements may cause returns in other currencies to differ.